Monday, September 19, 2011

Real estate round-up: Septmeber 19

Check in every business day for the latest edition of Real Estate Round-up, where we post a list of our favorite real estate news stories from DC and beyond.

Headlines from the DC Metro Area:

Washington economy grows 3.6 percent
Washington Business Journal

Washington also ranks as the third-fastest growing metropolitan economy, behind Boston's 4.8 percent growth in 2010 and New York City's 4.7 percent growth.

Local resources offer to help BRAC families
Washington Examiner

Thousands of BRAC families are moving to the Washington area, with communities near Fort Belvoir, Fort Meade and the Mark Center area of Alexandria expecting the biggest impact.

Mortgage Q&A: Deciphering the Adjustable Rate Mortgage
Washington Times

Because rates are so low right now, ARMs are, indeed, adjusting downward. But the APR on an ARM is meaningless because we know rates won't remain unchanged.

National real estate news stories:

Decoding the wide variations in house appraisals
The New York Times

Owners, the experts said, should provide comparable listings, walk appraisers through the house, and point out improvements and unique features.

Mortgage rates drop to another record low

The benchmark 30-year fixed-rate mortgage fell 3 basis points this week to 4.32 percent, the lowest level the fixed rate has reached since Bankrate started the weekly mortgage survey nearly 26 years ago.

Buying and selling homes in hard times: Stuck in Miami
Wall Street Journal

Home prices in Miami have fallen by more than half, according to the S&P/Case-Shiller 20-city composite index, to levels not seen since 2003.

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